Amber
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Amber - overview
Established
1990
Location
Gurgaon, Haryana, India
Primary Industry
Heating, Cooling & Ventilation Equipment and Services
About
Founded in 1990 and based in Gurgaon, India, Amber is a company that focuses on the research and development of room air conditioners (RAC). In 2004, the company started RAC and sheet metal parts. In 2012, it acquired PICL. In November 2016, ADV Partners acquire a 44% minority stake in Amber from Fairwinds Private Equity and the company's promoters for INR 3.
5 billion. In 2022, the company established the Sricity Unit. Amber owns several subsidiaries including Sidwal Refrigeration Industries Private Limited, IL JIN Electronics (India) Private Limited and Pravartaka Tooling Services Private Limited etc. The company's main products include indoor air conditioners, motors, electronic products and railway air conditioners, etc.
Its products are used in industries such as railways, subways, buses and defense.
Current Investors
GIC, ADV Partners, IFCI Venture Capital Funds
Primary Industry
Heating, Cooling & Ventilation Equipment and Services
Sub Industries
Consumer Electronics, Heating, Cooling & Ventilation Equipment and Services
Website
www.ambergroupindia.com
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Amber - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | ILJIN Electronics (I) Pvt. Ltd. | - | ||||||||
| Add-on | Completed | ILJIN Electronics (I) Pvt. Ltd. | - | ||||||||
| Add-on, LP Direct | Completed | Ascent Circuits Pvt. Ltd. | - | ||||||||
| LP Direct | Completed | Amber | - | ||||||||
| Private Placement/Follow on | Completed | Amber | - |
Displaying 1 - 5 of 9
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.